Nov 04, 2009 (The Australian Financial Review - ABIX via COMTEX) -- HDVUF | Quote | Chart | News | PowerRating -- Hastings Diversified Utilities Fund needs to raise funds to avoid the loss of an $A800 million gas pipeline contract. The contract involves the construction of the third stage of Origin's Epic pipeline from south-east Queensland to Moomba in South Australia. Hastings had to demonstrate its ability to fund the contract by 31 October 2009 but missed the deadline. It may reveal financing details as early as 6 November 2009.
No real info but shows that must have been having big problems given they missed the deadline. Lets hope they've "pulled on out of the bag". Unfortunately things rarely turn out as good as you hope.
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